Thursday, August 10, 2017

Bitcoin Price Will Likely Increase to $5,000 Post SegWit: Reasons and Trends

Bitcoin Price Will Likely Increase to $5,000 Post SegWit: Reasons and Trends

Previously, Cointelegraph reported that RT host and financial analyst Max Keiser predicted Bitcoin price to “cruise through” $5,000 in the short term.


With the Bitcoin Core development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) lock-in achieved, the market and investors are expressing their confidence in Bitcoin and its ability to scale.


The certainty and imminence of SegWit activation has definitely acted as a driving factor in sustaining the upward momentum of Bitcon’s value.


Scaling debate on Bitcoin and its block size has been prolonged since 2015 and the activation of SegWit marks a significant milestone in Bitcoin and the first major step towards scaling.


Full story at http://bit.ly/2uIx96G


Source: CoinTelegraph


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